Price for Cereal Groats and Meal; of Maize (Corn) in Poland - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Poland (FOB) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Poland (CIF) - 2023
- Exports of Cereal Groats and Meal; of Maize (Corn) in Poland
- Imports of Cereal Groats and Meal; of Maize (Corn) in Poland
Price for Cereal Groats and Meal; of Maize (Corn) in Poland (FOB) - 2023
In October 2023, the average export price for cereal groats and meal; of maize (corn)s amounted to $790 per ton, with an increase of 28% against the previous month. Over the period under review, export price indicated a buoyant expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for cereal groats and meal; of maize (corn)s increased by +28.2% against September 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,342 per ton), while the average price for exports to Switzerland ($732 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Poland (CIF) - 2023
In October 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $475 per ton, falling by -9.5% against the previous month. In general, the import price showed a pronounced reduction. The pace of growth was the most pronounced in November 2022 when the average import price increased by 27% month-to-month. As a result, import price reached the peak level of $976 per ton. From December 2022 to October 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +4.3% per month.
Exports of Cereal Groats and Meal; of Maize (Corn) in Poland
Exports of cereal groats and meal; of maize (corn)s from Poland reduced slightly to 38K tons in 2022, approximately equating the year before. In general, exports continue to indicate a perceptible decline.
In value terms, exports of cereal groats and meal; of maize (corn)s expanded markedly to $16M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.4 | 2.0 | 2.7 | 2.7 | -7.4% |
| Belgium | 2.1 | 2.5 | 2.0 | 2.7 | 8.7% |
| Sweden | 1.7 | 2.0 | 2.4 | 2.6 | 15.2% |
| Czech Republic | 0.7 | 1.6 | 1.5 | 2.0 | 41.9% |
| Netherlands | 1.3 | 1.3 | 1.4 | 1.5 | 4.9% |
| France | 1.1 | 0.9 | 1.4 | 1.2 | 2.9% |
| Lithuania | 0.4 | 0.8 | 1.0 | 1.1 | 40.1% |
| Croatia | N/A | N/A | N/A | 0.3 | 0% |
| Others | 3.8 | 3.1 | 2.0 | 2.0 | -19.3% |
| Total | 14.6 | 14.1 | 14.4 | 16.2 | 3.5% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Poland in 2022:
- Belgium (6.6K tons)
- Sweden (6.5K tons)
- Germany (6.2K tons)
- Czech Republic (4.9K tons)
- Netherlands (3.5K tons)
- Lithuania (2.7K tons)
- France (2.0K tons)
- Croatia (0.9K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in Poland
In 2022, purchases abroad of cereal groats and meal; of maize (corn)s was finally on the rise to reach 1.1K tons after two years of decline. In general, imports, however, faced a precipitous decline.
In value terms, imports of cereal groats and meal; of maize (corn)s surged to $824K in 2022. Overall, imports, however, saw a significant curtailment.
| Import of Cereal Groats and Meal; of Maize (Corn) in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 529 | 324 | 380 | 545 | 1.0% |
| Lithuania | N/A | N/A | N/A | 122 | 0% |
| Ukraine | 16.7 | 13.2 | 4.8 | 58.8 | 52.1% |
| Germany | 31.2 | 52.5 | 22.5 | 58.2 | 23.1% |
| Netherlands | 268 | 31.6 | 5.1 | 4.8 | -73.8% |
| Spain | N/A | 195 | 54.7 | N/A | -71.9% |
| Hungary | 1,376 | 626 | 90.3 | N/A | -74.4% |
| Others | 137 | 88.6 | 113 | 35.1 | -36.5% |
| Total | 2,359 | 1,331 | 670 | 824 | -29.6% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Poland in 2022:
- Italy (833.3 tons)
- Ukraine (148.9 tons)
- Lithuania (76.4 tons)
- Germany (56.9 tons)
- Netherlands (4.1 tons)
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